Is less business travel hurting business? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Is less business travel hurting business?

Get PDF file

by on
in Centerpiece,HR Management,Human Resources

Thirty percent of companies cut back on business travel in 2010 in order to economize. But for 37% of those that did, the strategy might have been penny-wise and pound-foolish. That’s the percentage of respondents who told pollsters that traveling less on business had a negative effect on business performance.

When asked how fewer business trips affected their bottom lines:

  • 12% said it had resulted in less effective internal communication
  • 11% reported fewer sales
  • 10% found poorer execution on internal business initiatives
  • 8% thought customer loyalty had taken a hit.

Don’t expect change any time soon. With the cost of air travel outpacing inflation due to high fuel costs, 77% of firms polled said business travel this year would be about the same as it was in 2010.

Leave a Comment

Previous post:

Next post: